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Feb 26, 2021 10:49 AM IST In September 2020, DGCA and the Ministry of Civil Aviation had said that the slots were temporarily allotted to other airlines.
Feb 24, 2021 01:05 PM IST The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year.
Feb 23, 2021 08:42 PM IST On Monday, the tribunal had also rejected applications of five employee unions who had appealed to see the resolution plan.
Feb 22, 2021 10:56 AM IST In a conversation with CNBC-TV18, Jalan said that while the initial plan was to get the airline flying again by April this year, he now expects the pending NCLT approval to come in over the next 3-4 weeks, and have the airline up and running by July-August.
Feb 17, 2021 02:49 PM IST The road ahead will depend on the magnitude of demand fuelled by low ticket costs, as well as on rising crude oil prices
Feb 16, 2021 12:22 PM IST While the Jalan-Kalrock Capital consortium had planned to resume operations by summer 2021, this may now get pushed by 90 days. The combine is now using the additional time to fine-tune strategy
Feb 11, 2021 03:54 PM IST In December 2020, the consortium, which had won the bid to revive Jet Airways, expected to start operating the airline by the summer of 2021.
Dec 22, 2020 04:54 PM IST Flybig, which has got the permit from the DGCA to start services, has already operated a chartered flight between Delhi and Shillong.
Dec 22, 2020 09:46 AM IST The government of India has suspended all flights originating from the UK to India until December 31, in view of the rising spread of a new coronavirus strain there.
Dec 07, 2020 04:18 PM IST The Jalan-Kalrock Capital consortium wants to revive Jet Airways, which had stopped flying in April 2019, as a full-service carrier that it was, and wants it back in the skies by summer of 2021.
Dec 04, 2020 10:04 AM IST A reasonable number of airlines, with healthy financials and sound management make for a consumer-friendly combination
Dec 02, 2020 10:22 AM IST After the green signal from the NCLT, the resolution plan for jet Airways will require clearances from the DGCA and civil aviation ministry.
Nov 12, 2020 12:34 PM IST While the capacity of the airlines has been enhanced, all the rules put in place by previous orders will continue.
Nov 06, 2020 01:05 PM IST The plan was submitted on November 5
Nov 02, 2020 05:29 PM IST The Kalrock and Jalan consortium had placed a bid of nearly Rs 1,000 crore and will get 9.5 per cent of equity in Jet Airways along with 7.5 per cent equity in loyalty rewards company InterMiles.
Oct 26, 2020 12:20 PM IST The consortium for Jet Airways will have to deposit a performance security by November 3
Oct 20, 2020 02:24 PM IST There isn’t much for lenders in the Kalrock-Jet Airways deal. Over 90 per cent of the money is gone. There is no clarity on what lies ahead for Jet under the consortium. Still, it is better than a no-deal, total write-off, bankers say.
Oct 20, 2020 10:19 AM IST Oil prices, the major cost of an airline, are low and expected to remain low for the next few years. Air traffic is slowly picking up.
Oct 19, 2020 03:17 PM IST Even as they prepare to take over the controls at the airline, the Kalrock-Jalan combine have a tough maneuvering to do. Jet Airways would want to make use of positive data trends to start off on a strong foot.
Oct 19, 2020 12:38 PM IST Will Jet Airways take off again? Let’s find out in this edition of 3-Point Analysis
Oct 17, 2020 07:24 PM IST This is the first time that an airline has been admitted under the Insolvency and Bankruptcy Code (IBC) and the environment could well be willing to make this a model example for the success of IBC.
Oct 17, 2020 06:56 PM IST Jet Airways' insolvency process had innumerable twists and delays that prompted many to write it off. However, it has finally managed to find a new owner. Will the turbulence end?
Oct 17, 2020 04:42 PM IST Naresh Goyal did a lot of things right in creating a world-class airline. Alas, he also committed a few errors
Oct 17, 2020 03:02 PM IST The combine has polled a majority of the votes from lenders
Oct 08, 2020 09:47 AM IST State Bank of India is the lead lender. The carrier owes banks Rs 8,000 crore and faces total claims of Rs 40,000 crore.
